A bombshell new report sheds light on how world leaders, powerful politicians, billionaires and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century. The report by the International Consortium of Investigative Journalists brought promises of tax reform and demands for resignations and… Read More
Liberal state treasurer faces lawsuit for sexual harassment
California state Treasurer Fiona Ma repeatedly shared hotel rooms with employees, a practice she says saved money but that business experts contend crosses an ethical line and can lead to lawsuits like one Ma now faces, the Sacramento Bee reported Tuesday. Judith Blackwell, the former head of the California Tax… Read More
Pivotal bridge from Winnie the Pooh series to be auctioned
The adventures of the honey-loving bear “Winnie the Pooh” have captivated children — and their parents — for nigh-on 100 years. Fans now have a chance to own a central piece of Pooh’s history, when a countryside bridge from southern England goes up for auction next week. The author of… Read More
US consumer spending rebounded in August despite COVID
U.S. consumer spending accelerated in August amid a surge in COVID-19 cases, even as inflation stayed high due to snarled supply chains and a release of pent-up demand. Consumer spending rose 0.8% in August, up from a decline of 0.1% in July. Income rose by a smaller 0.2%, the Commerce… Read More
Biden’s spending plans on the brink
On Wednesday, House Speaker Nancy Pelosi spoke to CNN about the trillion-dollar, bipartisan plan for infrastructure, not to be confused with President Joe Biden’s massive $3.5 trillion spending proposal, the Build Back Better plan. On CNN, She promised, “I said we’ll have the vote tomorrow… I want it to pass.”… Read More
Western U.S. regulators warn of dry reservoirs, restrictions
California’s reservoirs are so dry from a historic drought that regulators warned Thursday it’s possible the state’s water agencies won’t get anything from them next year, a frightening possibility that could force mandatory restrictions for residents. California has a system of giant lakes called reservoirs that store water during the… Read More
Past scandals haven’t fazed Big Tech… but this one might
Wall Street Journal recently reported the deleterious effect of Instagram on teenage girls’ mental health. After that scandal, Facebook paused its plan for “Instagram Kids.” Nineteen-year-old Gigi Painter hopes Facebook’s planned Instagram Kids never becomes a reality. Growing up in a small Ohio town, Painter said she and most of… Read More
Merck says experimental pill cuts worst effects of COVID-19
Merck & Co. said Friday that its experimental COVID-19 pill reduced hospitalizations and deaths by half in people recently infected with the coronavirus and that it would soon ask health officials in the U.S. and around the world to authorize its use. If cleared, Merck’s drug would be the first… Read More
Joe Biden’s $3.5 trillion spending bill sunk?
President Joe Biden’s massive government spending overhaul is in danger of being sunk by infighting within his party. The Democrats charged into high-stakes trouble Thursday as a promised vote on the first piece, a slimmer $1 trillion public works bill, faltered amid stalled talks on his more ambitious package. For… Read More
Takeaways from investigation of military gun tracking tech
A tracking tag that some units in the U.S. military are using to keep control of guns could let even low-tech enemies detect troops on the battlefield, an ongoing Associated Press investigation has found. Radio frequency identification technology — RFID, as it is known — is everywhere in daily civilian… Read More
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